Razzaque seeks India’s investment in agro-processing, agro-mechanization

DHAKA, Dec 22, 2020 (BSS) – Agriculture Minister Dr Muhammad Abdur
Razzaque today sought India’s invest in public-private sector in
agro-mechanization and agro-processing in Bangladesh.

“We want to see India’s cooperation in agricultural processing.
Indian companies can set up manufacturing plants in the economic zone
of Bangladesh,” he said.

The minister made the call at a digital conference between the two
countries to enhance India-Bangladesh mutual cooperation in the field
of agriculture this afternoon.

The agriculture minister added that the market for agricultural
machinery in Bangladesh is around 1.2 billion dollars a year, which is
growing at a rate of 10 per cent per year.

If India invests in this huge market both publicly and privately,
both countries will get the benefit, he said, adding that
establishment and assembly of agricultural machinery in Bangladesh
will create employment in the country and on the other hand farmers
will be able to buy machinery at lower prices also.

The conference was jointly organized by the Federation of Bangladesh
Chambers of Commerce and Industry (FBCCI) and the Confederation of
Indian Industry (CII) at the FBCCI Auditorium here.

The minister said Bangladesh is moving towards agricultural mechanization.

The government has provided combined harvesters, reapers and other
agricultural equipments to the farmers with 50 to 70 percent subsidy
through Taka 200 crore this year, he said, adding that in addition to
that a project worth Tk 3,000 crore has been taken through which about
51,000 agricultural equipments will be provided.

SOURCE NEWS

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